2008-07-02 | TED-FEM-FPC-GEN-01-069-08

Re: Rendition of Returns by Bureaux De Change Through eFASS

The Central Bank of Nigeria sent a letter to all Bureaux de Change Companies, reminding them that submitting monthly returns is a requirement for participating in direct foreign exchange cash sales. Starting August 1, 2008, BDCs that fail to submit their returns will be suspended from the foreign exchange market until they have submitted all outstanding returns. This letter serves as a reminder for BDCs to stay compliant with the regulations.

Nigeria

Central Bank of Nigeria

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